Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,706,412,840.10, representing a year-on-year increase of 29.40%[6] - The net profit attributable to shareholders for the same period was CNY 4,317,911.75, reflecting a significant increase of 68.72% compared to the previous year[6] - The basic earnings per share (EPS) was CNY 0.0043, which is an increase of 70.18% year-on-year[6] - Net profit for Q1 2022 reached CNY 8,245,665.37, a significant increase from CNY 728,914.17 in Q1 2021, representing a growth of 1,030.5%[21] - Total comprehensive income for Q1 2022 was CNY 3,787,815.06, compared to CNY 889,482.37 in Q1 2021, an increase of 326.5%[22] - The company reported a significant increase in prepayments to approximately ¥1.14 billion from ¥413.44 million year-over-year[16] - The company’s total profit for Q1 2022 was CNY 11,234,607.04, a decrease of 71.8% from CNY 39,919,183.45 in Q1 2021[30] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 27,463,338,925.21, showing a growth of 3.17% from the end of the previous year[7] - The total liabilities as of Q1 2022 amounted to CNY 23,397,529,667.09, compared to CNY 22,588,252,753.81 in Q1 2021, reflecting an increase of 3.6%[20] - The total assets as of March 31, 2022, amounted to CNY 17,053,282,294.75, slightly up from CNY 17,040,618,068.30 at the end of 2021[27] - The total liabilities as of March 31, 2022, were CNY 15,333,454,302.10, slightly up from CNY 15,332,004,555.92 at the end of 2021[27] - The company's accounts receivable increased by 2,199.33% compared to the end of the previous year, primarily due to an increase in received bills from subsidiaries[9] - The company reported a decrease in credit impairment losses to CNY -12,543,350.28 in Q1 2022 from CNY -22,534,663.51 in Q1 2021, indicating an improvement in asset quality[21] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -2,390,123,467.64, which is not applicable for year-on-year comparison[6] - Cash inflow from operating activities was CNY 2,417,133,813.87 in Q1 2022, up from CNY 1,884,344,907.46 in Q1 2021, indicating a growth of 28.3%[23] - The net cash flow from financing activities was CNY 924,337,918.29, up from CNY 725,613,640.45 in the previous year[32] - The company’s cash outflow from investment activities was -CNY 112,422,673.98, compared to -CNY 10,350,000.86 in the same period last year[24] - The total cash outflow for operating activities was CNY 3,689,211,553.79, which increased from CNY 2,247,234,402.78 in the same quarter last year[31] Research and Development - The company's research and development expenses surged by 558.53% compared to the same period last year, indicating increased investment in technology and process development[9] - Research and development expenses increased to CNY 21,265,095.32 in Q1 2022, up from CNY 3,229,192.52 in Q1 2021, marking a rise of 559.5%[20] - Research and development expenses increased to CNY 5,570,611.37 in Q1 2022, up from CNY 1,939,696.11 in Q1 2021, indicating a focus on innovation[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 71,646[12] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 446,690,030 shares, accounting for 44.01% of total shares[13] Operating Expenses - The company experienced a 611.18% increase in other operating expenses, mainly due to penalties imposed by government authorities[10] - The total operating costs for Q1 2022 were CNY 1,685,865,845.86, an increase of 30.0% from CNY 1,296,525,484.92 in Q1 2021[20] - The financial expenses for Q1 2022 were CNY 53,002,159.01, significantly higher than CNY 22,939,999.52 in Q1 2021, with interest expenses rising to CNY 76,219,093.79[29]

Financial Performance - The company's total revenue for 2021 was approximately ¥15.20 billion, representing a 28.39% increase compared to ¥11.84 billion in 2020[24]. - Net profit attributable to shareholders was approximately ¥268.84 million, a 19.77% increase from ¥224.45 million in 2020[24]. - The basic earnings per share for 2021 was ¥0.27, up 20.86% from ¥0.2234 in 2020[25]. - The weighted average return on equity decreased to 10.58%, down 1.23 percentage points from 11.81% in 2020[25]. - The company's total assets increased by 13.54% to approximately ¥26.62 billion from ¥23.45 billion in 2020[24]. - Operating cash flow for 2021 was negative at approximately -¥1.25 billion, a significant decrease from ¥2.34 billion in 2020[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥261.99 million, a 17.80% increase from ¥222.41 million in 2020[24]. - The company achieved operating revenue of CNY 1,519,833.20 million and a net profit attributable to shareholders of CNY 26,883.66 million during the reporting period, marking a strong start to the "14th Five-Year Plan"[34]. - The company reported a net profit of CNY 31,958.46 million, with a net profit attributable to the parent company of CNY 26,883.66 million[63]. Dividends and Share Capital - The company plans to distribute a cash dividend of 0.35 RMB per 10 shares, totaling approximately 35.52 million RMB, which represents 13.21% of the net profit attributable to shareholders for the year 2021[6]. - The total share capital as of December 31, 2021, was 1,014,902,546 shares[6]. Risk Management - The company reported no significant risk events during the reporting period, and potential risks have been detailed in the report[9]. - The company’s future plans and development strategies are subject to investment risks, and no substantial commitments are made to investors[7]. - The company has not faced any rejected proposals in its recent shareholder meetings, indicating strong governance and shareholder support[120]. - The company has not encountered any risks that would lead to delisting warnings[190]. Governance and Compliance - The company has established a governance structure with a board of 9 members, including 4 independent directors, ensuring a diverse composition that protects shareholder interests[113]. - The board has implemented a performance evaluation and incentive mechanism, with clear contractual goals for management, enhancing accountability and motivation[115]. - The company has a robust internal control system to prevent insider trading and ensure compliance with information disclosure regulations, with no reported violations[116]. - The company has established a financial management system that combines centralized and decentralized decision-making, ensuring effective oversight of major financial issues while allowing subsidiaries some operational autonomy[163]. Market Expansion and Strategy - The company is actively expanding its market presence both domestically and internationally, with a focus on investment operations and traditional infrastructure[35]. - The company aims to enhance its market core competitiveness by focusing on investment-driven order growth and optimizing market structure[99]. - The company is exploring potential acquisitions to diversify its service offerings, with a budget of 100 million allocated for this purpose[131]. - Future growth strategies include market expansion and potential mergers and acquisitions to strengthen market position[128]. Research and Development - Research and development expenses surged to CNY 620,757.06 million, a significant increase of 263.98% compared to the previous year, as the company intensified its investment in construction process technology and methods[66]. - The company holds a total of 417 patents, including 48 invention patents, and has published 97 technical papers during the reporting period[57]. - The company is focused on developing new technologies and products to enhance service offerings and competitiveness[128]. Legal Matters - The company is involved in significant litigation matters, including a claim for compensation of RMB 42,180,818.65 due to increased labor costs from Qinglong Company[191]. - The company has faced a court ruling that froze its bank deposits amounting to RMB 27,957,555.13 as part of ongoing litigation[191]. - The company is currently awaiting the outcome of an appeal filed on November 23, 2018, regarding the previous court's decision[194]. - The company is involved in ongoing litigation that may impact its financial position and operational focus[197]. Social Responsibility and Community Engagement - The company established 5 fixed poverty alleviation demonstration points and 16 mobile poverty alleviation demonstration points, significantly promoting rural revitalization[177]. - The company actively engaged in local education support by improving infrastructure, such as constructing activity venues for schools in Heilongjiang Province, enhancing educational conditions[177]. - The company has implemented green construction practices, resulting in the establishment of 5 provincial-level green construction model projects and the development of 1 local green construction standard during the reporting period[168]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 5,926, with 105 in the parent company and 5,821 in subsidiaries[149]. - The company has a strong leadership team with extensive experience in the construction and engineering sectors, enhancing operational efficiency[128]. - The management team has a combined experience of over 20 years in their respective roles, ensuring stability and continuity in leadership[128]. Financial Health and Investments - The company reported a significant increase in financial expenses by 70.04% to ¥436,497,645.94[75]. - The company’s intangible assets increased by 241.84% to ¥1,579,023,994.80, now accounting for 5.93% of total assets[79]. - The net cash flow from operating activities decreased by 3.599 billion RMB compared to the same period last year, primarily due to increased investment in PPP projects, which have minimal cash inflow during the construction phase[67].

2021 年第三季度报告 证券代码：600853 证券简称：龙建股份 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 5,912,070,809.39 | 21.24 | 11,065,407,635.77 | 37.89 | | 归属于上市公司股东的净利润 | 109,935,427.89 | 4.90 | 145,921,810.05 | 8.96 | | 归属于上市公司股东的扣除非经常 | 108,602,703.07 | 5.15 | 137,957,070.73 | 5.71 | | 性损益的净利润 | | | | | | 经营活动产生的现金流量净额 | 不适用 | 不适用 | -2,372,374,075.77 | -403.65 | | 基本每股收益（元/股） | 0.1094 | -12.55 | 0.1452 | -9.19 | | 稀释每股收 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 5,153,336,826.38, representing a 63.68% increase compared to CNY 3,148,505,034.93 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 35,986,382.16, an increase of 23.54% from CNY 29,129,340.27 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,354,367.66, up 7.85% from CNY 27,218,798.50 year-on-year[18]. - The basic earnings per share for the first half of 2021 were CNY 0.0358, a 2.87% increase compared to CNY 0.0348 in the same period last year[19]. - The diluted earnings per share were also CNY 0.0358, reflecting the same growth rate of 2.87%[19]. - The company reported a total comprehensive income of ¥45,675,636.71, compared to ¥25,379,572.05 in the first half of 2020, reflecting a growth of 80.1%[157]. - The company reported a total revenue of 166,392,027,000 RMB for the first half of 2021, reflecting a year-on-year increase of 27.51%[189]. - The net profit attributable to shareholders was 41,870,897,000 RMB, with earnings per share (EPS) of 7.66 RMB[186]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -2,509,888,252.75, a significant decrease compared to CNY 8,253,083.66 in the same period last year, reflecting a decline of 30,511.52%[18]. - Cash inflow from operating activities reached CNY 6,322,772,921.82, up from CNY 4,680,822,304.90 in the first half of 2020, representing a growth of approximately 35%[164]. - The ending cash and cash equivalents balance was CNY 3,343,558,998.49, up from CNY 2,004,446,933.97 at the end of the first half of 2020[166]. - The company’s cash and cash equivalents decreased to CNY 3,528,488,001.40 from CNY 4,758,242,329.55, representing a decline of approximately 25.9%[147]. - The company has maintained a strong cash position, with cash and cash equivalents reported at 900,320,400.00 RMB[189]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 24,067,805,134.79, an increase of 2.65% from CNY 23,446,262,778.74 at the end of the previous year[18]. - The total liabilities decreased to RMB 15,544,947,099.15 from RMB 16,041,661,906.67, showing a reduction of approximately 3.1%[148]. - The company's inventory stood at CNY 2,411.97 million, accounting for 9.96% of total assets, with a year-on-year increase of 63.93% due to rising orders and material procurement[49]. - The total equity attributable to shareholders rose to CNY 2,464,372,621.66 from CNY 2,415,313,053.99, an increase of approximately 2%[151]. Investments and Research - Research and development expenses surged to CNY 82.24 million, a staggering increase of 1,716.74% compared to the previous year, driven by significant investments in research projects[47]. - The company has allocated significant resources towards research and development to enhance its product offerings and maintain competitive advantage[182]. - The company is actively pursuing strategic acquisitions to enhance its competitive position in the market[181]. Market Position and Strategy - The company is positioned to benefit from national strategies such as "Transportation Power" and "New Urbanization," which are expected to drive infrastructure investment[26]. - The company aims to expand its overseas market presence, leveraging its ranking and qualifications to capture international opportunities[29]. - The company is focused on ensuring compliance with commitments to avoid competition with related parties, with a commitment to transparency and fairness in related transactions[80]. Legal and Compliance Issues - The company is currently involved in multiple legal disputes, with one case still pending a second-instance ruling[94]. - The company faced a litigation that froze funds amounting to ¥27,957,555.13, which has since been resolved and the funds have been released[51]. - The company is actively seeking to resolve outstanding legal matters to focus on business operations[97]. - The company has incurred significant legal costs due to ongoing litigation[97]. Environmental and Social Responsibility - The company has implemented green construction management practices in response to national carbon peak and carbon neutrality goals, focusing on resource and energy conservation[70]. - The company has actively participated in poverty alleviation and rural revitalization projects, including road construction in impoverished areas[75]. - The company has utilized renewable energy sources at construction sites to reduce carbon emissions, including solar and wind energy[74]. Future Outlook - The company plans to expand its market presence, focusing on new product development and technological advancements to drive future growth[181]. - Future guidance indicates a focus on maintaining revenue growth while improving operational efficiency and profitability margins[182]. - The company has set a performance guidance for the next quarter, expecting continued revenue growth driven by increased market demand[189].

Financial Performance - Operating revenue increased by 162.43% to CNY 1,318,758,006.77 compared to the same period last year[5] - Net profit attributable to shareholders of the listed company improved to CNY -978,375.56 from CNY -4,670,924.59 year-on-year[5] - The basic and diluted earnings per share improved to CNY 0.0025 from CNY -0.0044 year-on-year[5] - The company reported a net profit of CNY 35,470,849.86 for Q1 2021, up from CNY 1,583,949.04 in the same period last year, reflecting a year-over-year increase of over 2,100%[39] - The company’s net profit attributable to shareholders for Q1 2021 was CNY 2,559,142.75, compared to a net loss of CNY 4,389,023.51 in Q1 2020, marking a significant turnaround[35] - The total operating revenue for Q1 2021 was CNY 1,318,758,006.77, a significant increase from CNY 502,516,067.80 in Q1 2020, representing a growth of approximately 162.5%[33] - The company reported a total of CNY 4,973,462,161.88 in other non-current assets[45] Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -1,651,146,023.50 compared to CNY -260,989,632.37 in the previous year[5] - The net cash flow from operating activities for Q1 2021 was -1,091,622,879.92 RMB, compared to -68,442,961.08 RMB in Q1 2020, indicating a significant decline[42] - Cash inflow from operating activities in Q1 2021 was CNY 1,884,344,907.46, compared to CNY 1,500,451,395.06 in Q1 2020, showing an increase of approximately 25.6%[40] - The cash inflow from operating activities was primarily driven by sales of goods and services, which totaled 1,108,735,217.02 RMB in Q1 2021, up from 999,557,431.12 RMB in Q1 2020[42] - The company’s total cash and cash equivalents decreased by 369,113,229.36 RMB in Q1 2021, compared to a decrease of 323,550,179.68 RMB in Q1 2020[43] Assets and Liabilities - Total assets decreased by 2.42% to CNY 22,878,426,179.47 compared to the end of the previous year[5] - The company’s inventory at the end of the period was CNY 1,938.10 million, up 31.72% from the previous year, reflecting increased material reserves for projects[14] - The company’s total liabilities amounted to CNY 20,130,629,319.80, indicating a significant leverage position[46] - Current liabilities reached CNY 16,041,661,906.67, including short-term borrowings of CNY 2,472,314,721.24 and accounts payable of CNY 6,427,033,481.89[46] - The company’s long-term borrowings increased to ¥3.48 billion from ¥3.40 billion, reflecting a rise of about 2.4%[28] Shareholder Information - The number of shareholders reached 52,688 at the end of the reporting period[8] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 44.45% of the shares[8] - The total equity attributable to shareholders increased to CNY 1,976,319,416.51 from CNY 1,938,796,403.48, showing a growth of about 1.9%[32] Research and Development - Research and development expenses rose to CNY 3.23 million, marking an 87.67% increase, indicating a commitment to innovation[17] - Research and development expenses for Q1 2021 were CNY 1,939,696.11, compared to CNY 375,707.57 in Q1 2020, indicating a focus on innovation and product development[38] Other Financial Metrics - The weighted average return on equity increased by 0.2402 percentage points to 0.1059%[5] - Non-recurring gains and losses totaled CNY 3,537,518.31 for the reporting period[8] - The company achieved a significant increase in other income, which rose by 6864.94% to CNY 2.89 million, mainly from government subsidies[17] - The company recorded a 100% increase in right-of-use assets, totaling CNY 71.08 million, due to the implementation of new leasing standards[14] - The company incurred operating costs of CNY 719,652,184.19 in Q1 2021, up from CNY 234,474,571.27 in Q1 2020, reflecting increased operational scale[37]

Financial Performance - In 2020, the company's operating revenue reached approximately CNY 11.84 billion, representing a year-on-year increase of 6.58% compared to CNY 11.11 billion in 2019[22]. - The net profit attributable to shareholders was approximately CNY 224.45 million, a slight increase of 0.56% from CNY 223.21 million in 2019[22]. - The basic earnings per share (EPS) for 2020 was CNY 0.2234, reflecting a 0.59% increase from CNY 0.2221 in 2019[22]. - The net cash flow from operating activities improved significantly to approximately CNY 2.34 billion, compared to a negative cash flow of CNY -851.12 million in 2019[22]. - The company's total assets increased by 18.75% to approximately CNY 23.45 billion at the end of 2020, up from CNY 19.74 billion at the end of 2019[22]. - The net assets attributable to shareholders rose by 31.52% to approximately CNY 2.42 billion, compared to CNY 1.84 billion at the end of 2019[22]. - The company's total revenue for 2020 was CNY 11,837,428,005.59, representing a 6.57% increase from CNY 11,106,371,251.76 in 2019[59]. - The construction engineering segment accounted for 98.25% of total revenue in 2020, with revenue of CNY 11,630,206,648.54, up from CNY 10,637,745,721.24 in 2019[59]. Dividends and Profit Distribution - The company distributed a cash dividend of CNY 16,748,359.10 (including tax) for the third quarter of 2020, with a plan to distribute 0.5 shares for every 10 shares held and a cash dividend of CNY 0.20 per 10 shares[5]. - The board proposed not to distribute profits or increase capital reserves at the end of 2020, opting to carry forward the remaining profits for future distribution[5]. - The company distributed cash dividends totaling approximately CNY 16.75 million to shareholders, with a stock dividend of 0.5 shares for every 10 shares held[22]. - The company's net profit attributable to ordinary shareholders for 2020 was 224,453,925.94 RMB, with a dividend payout ratio of 7.46%[102]. Risk Management - The company reported no significant risk events during the reporting period, with detailed descriptions of potential risks and countermeasures provided in the report[8]. - The company’s future plans and strategic developments are subject to investment risks, and no substantial commitments are made to investors[6]. - The company faces financing risks due to the expansion of its operational scale and investment projects, which may impact its profitability[93]. - Accounts receivable risk is significant due to the long project durations and large contract amounts typical in the construction industry, leading to slower turnover[94]. - Interest rate risk arises primarily from long-term and short-term bank borrowings, affecting the company's cash flow[95]. - The company is exposed to foreign exchange risk, particularly related to USD and other foreign currencies, which may impact its operational performance[96]. - Safety risks are heightened with increased construction activity, including various hazards associated with road, bridge, and tunnel construction[97]. Legal Matters - The company is involved in a significant arbitration case seeking compensation of approximately 42.18 million RMB due to increased labor costs from Qinglong Company[113]. - The company is also facing a lawsuit from Guizhou Highway Group, with claims totaling approximately 82.44 million RMB, including economic losses and penalties[114]. - The company has faced multiple legal proceedings regarding construction contracts and overpayments[116]. - The company is currently executing a court ruling to recover funds from a previous legal case[116]. - The company has been actively pursuing legal remedies to address financial losses from construction-related disputes[116]. - The company is appealing several court decisions, including a ruling that requires it to pay 1,148,655 yuan for project funds[124]. - The company is involved in multiple legal disputes, including a claim for 3,371,175.01 yuan for unpaid cement payments[120]. - The company is actively managing its legal risks and obligations through court proceedings and settlements[120]. Corporate Governance - The company has a standard unqualified audit report issued by Zhongshen Yatai Certified Public Accountants[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[7]. - The company has not disclosed any penalties or corrective actions against its executives or major shareholders[128]. - The company is focused on maintaining a strong governance structure with independent oversight from its board members[199]. - The leadership team has been stable, with many members serving in their roles since 2016 or earlier, indicating continuity in management[199]. Strategic Development - The company is actively pursuing the renewal of its qualifications for foreign aid projects, which expired in January 2019[32]. - The company is actively pursuing a "going out" strategy, successfully securing the Delhi Metro project in India through an innovative joint venture model[48]. - The company is focusing on expanding its market presence in key economic regions such as the Yangtze River Delta and the Greater Bay Area[86]. - The company plans to secure new contract orders of 24 billion yuan in 2021[90]. - The company is committed to deepening reforms and enhancing its competitive edge in the infrastructure construction sector[89]. Research and Development - The company obtained a total of 78 national patents during the reporting period, including 25 invention patents and 52 utility model patents[41]. - Research and development expenses increased significantly by CNY 170.55 million, marking a 1,196.83% rise compared to the previous year, due to enhanced investment in research projects[53]. - The company employed 781 R&D personnel, representing 13.50% of the total workforce, highlighting a strong focus on innovation[65]. - The company is investing 50 million in research and development to innovate sustainable construction materials[200]. Environmental Responsibility - The company has maintained compliance with national and local environmental standards, with no reported environmental pollution incidents or complaints[172]. - The company has actively engaged in green construction practices, implementing guidelines and management systems to promote environmental responsibility[171]. - The company has implemented a comprehensive environmental management system in accordance with ISO14001:2015 standards[171]. Shareholder Information - The total number of ordinary shares increased from 837,417,955 to 1,004,901,546 shares due to a profit distribution plan, which included a cash dividend of 0.02 yuan per share and a stock dividend of 0.05 shares per share[177]. - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 44.45% of the shares, totaling 446,690,030 shares[184]. - The number of restricted shares held by Heilongjiang Construction Investment Group Co., Ltd. is 167,481,600, which will become tradable on April 2, 2021, with an additional 27,913,600 shares becoming tradable due to a private placement[187].

证券代码：600853 证券简称：龙建股份 编号：2020-077 | --- | |----------------------------------------------------------------------------| | 关于参加投资者网上集体接待日活动的公告 | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 | | 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 | | 为进一步加强与投资者的互动交流，龙建路桥股份有限公司（以下 | | 简称"公司"）将参加由黑龙江省上市公司协会、深圳市全景网络有限 | | 公司共同举办的"黑龙江省上市公司 2020 年度投资者网上集体接待日" | | 活动，现将有关事项公告如下： | | 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联 | | 网 平 台 举 行 ， 投 资 者 可 以 登 陆 " 全 景 · 路 演 天 下 " 网 站 | | （ http://rs.p5w.net ）参与公司本次投资者集体接待日活动 | | 2020 年 11 月 12 日 14:00 至 16:30 。 ...

2020 年第三季度报告 公司代码：600853 公司简称：龙建股份 龙建路桥股份有限公司 2020 年第三季度报告 1 / 28 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 11 | 2020 年第三季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 田玉龙 | 董事长 | 出差在外 | 宁长远 | | 栾庆志 | 董事 | 出差在外 | 于海军 | 1.3 公司负责人田玉龙、主管会计工作负责人于海军及会计机构负责人（会计主管人员）于海军 保证季度报告中财务报表的真实、准确、完整。 1.4 中审众环会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 1.5 经董事会审议的报告期利润分配预案或公积金转增股本预案 根据 2020 年经营情况，兼顾公司长远发展和股东权益，公司拟定本次利润分配预案为：以实 施权益分派股权登记日 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,148,505,034.93, representing a 14.22% increase compared to CNY 2,756,526,243.94 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 6.70% to CNY 29,129,340.27 from CNY 31,219,844.98 year-on-year[21]. - The net cash flow from operating activities improved significantly to CNY 8,253,083.66, compared to a negative cash flow of CNY -899,198,542.53 in the previous year[21]. - The total assets at the end of the reporting period were CNY 19,828,567,266.26, a slight increase of 0.43% from CNY 19,743,796,397.02 at the end of the previous year[21]. - The net profit attributable to shareholders of the listed company for the reporting period is 29.1293 million yuan, a decrease of 6.70% compared to the same period last year, mainly due to project duration impacts and a slight decrease in gross profit margin[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is 27.2188 million yuan, down 10.74% year-on-year, with similar reasons as the net profit[23]. - The total profit for the period was CNY 53.57 million, with a net profit attributable to shareholders of CNY 29.13 million[41]. - The company achieved a revenue of CNY 3,148.51 million, representing a year-on-year increase of 14.22% due to an increase in both existing and new orders[47]. Cash Flow and Investments - The net cash flow from operating activities has variations, details can be found in the financial statement analysis section of the report[23]. - Net cash flow from investing activities was CNY -360,616.4 million, mainly due to capital investments in PPP projects and acquisitions of subsidiaries[49]. - Net cash flow from financing activities was CNY -99,970.4 million, primarily due to a significant decrease in net borrowings compared to the previous year[49]. - The cash flow from investment activities showed a net outflow of CNY -360,616,357.49, worsening from CNY -112,231,542.82 in the first half of 2019[146]. - The cash flow from financing activities showed a net outflow of CNY -292,299,990.02, contrasting with a net inflow of CNY 308,951,166.51 in the previous period[149]. Assets and Liabilities - The total amount of non-recurring gains and losses is 1,910,541.77 yuan, after accounting for tax impacts and other adjustments[26]. - Total assets at the end of the reporting period included CNY 1,199,928.83 million in prepaid accounts, a 68.25% increase year-on-year, primarily due to centralized procurement by subsidiaries[51]. - Long-term receivables surged by 362.46% to 645.02 million yuan, attributed to the repayment phase of the aforementioned road construction project[52]. - The company's cash and cash equivalents were restricted due to bank guarantees, totaling 154.27 million yuan[53]. - The total liabilities amounted to ¥17,635,090,352.02, slightly up from ¥17,545,296,822.97, showing a marginal increase of 0.51%[131]. Operational Highlights - The company’s main business is highway engineering construction, with various construction qualifications including special-grade general contracting for highway engineering[29]. - The company operates under multiple business models including EPC (Engineering Procurement Construction) and PPP (Public-Private Partnership), enhancing its project management capabilities[32][30]. - The company secured new contract orders amounting to CNY 9,558.61 million during the reporting period[41]. - The company has established a strategic partnership with Heilongjiang Engineering College to strengthen talent development and education collaboration[44]. - The company is actively following up on the renewal of qualifications for foreign aid projects, which expired in January 2019[29]. Research and Development - R&D expenses were CNY 4,527.0 million, up 24.29% year-on-year, driven by increased research and development expenditures[48]. - The company holds a total of 198 national patents, including 31 invention patents, which enhances its competitive edge in construction technology[38]. Legal and Compliance Issues - The company is currently involved in multiple legal disputes, with claims totaling 1,625,800.00 CNY related to unpaid project funds[75]. - The company has been involved in legal disputes regarding project delays and payment recoveries since 2011[73]. - The company is seeking the return of overpaid project funds amounting to 48,738,990.00 CNY plus interest from the contractor[73]. - The company has faced multiple legal challenges related to jurisdiction and contract enforcement over the years[73]. - The company is involved in a significant arbitration case seeking compensation of approximately ¥42.18 million due to increased labor costs from Qinglong Company[71]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 59,451[114]. - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 372,241,692 shares, accounting for 44.45% of the total shares[116]. - The company appointed a new board of directors on May 20, 2020, with key positions filled including Tian Yulong as Chairman and Ning Changyuan as General Manager[122]. - The company has a new total of 9 board members following the election, indicating a significant governance change[123]. Environmental and Social Responsibility - The company has implemented an environmental management system in accordance with ISO14001:2015, focusing on green construction practices[108]. - The company has not reported any environmental pollution incidents or received complaints regarding environmental issues during the reporting period[108]. - The company has a commitment to adhere to national green development principles and has actively promoted green construction activities[108].

Financial Performance - Operating revenue for the first quarter was CNY 502.52 million, a decline of 24.37% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 4.39 million, an improvement from a loss of CNY 5.98 million in the same period last year[6] - The company reported a total of CNY 253,359.72 in non-recurring gains and losses for the period[8] - Total operating revenue for Q1 2020 was ¥502,516,067.80, a decrease of 24.3% compared to ¥664,476,970.85 in Q1 2019[33] - Total operating costs for Q1 2020 were ¥504,326,841.16, down 25.0% from ¥670,555,938.17 in Q1 2019[33] - Net profit for Q1 2020 was a loss of ¥7,338,955.59, an improvement from a loss of ¥9,404,916.19 in Q1 2019[34] - The total comprehensive income for Q1 2020 was ¥1,583,949.04, significantly lower than ¥10,127,823.44 in Q1 2019[37] Cash Flow - Net cash flow from operating activities improved to a loss of CNY 260.99 million, compared to a loss of CNY 627.15 million in the previous year[6] - The company's cash flow from operating activities was -26,098,963.24, a decrease of 8.85% in cash inflows and a decrease of 22.52% in cash outflows compared to the same period last year[15] - The company's cash flow from investing activities was -13,002,278.00, primarily due to the cancellation of an investment management company and payment for equity acquisition[16] - The company’s cash flow from financing activities was -17,342,823.24, a decrease of 103.32% compared to the previous year, mainly due to a significant reduction in cash received from loans[16] - The net cash flow from financing activities for Q1 2020 was -¥17,342,823.24, contrasting with a positive inflow of ¥522,376,802.78 in Q1 2019[40] - The net cash flow from investing activities was -94,610,187.96 RMB in Q1 2020, compared to -35,917,784.63 RMB in Q1 2019, reflecting a significant increase in investment outflows[43] Assets and Liabilities - Total assets decreased by 5.34% to CNY 18.69 billion compared to the end of the previous year[6] - The company's total assets amounted to CNY 18.69 billion, a decrease from CNY 19.74 billion on December 31, 2019, representing a decline of approximately 5.3%[27] - The company's cash and cash equivalents were CNY 2.26 billion as of March 31, 2020, down from CNY 2.55 billion at the end of 2019, indicating a decrease of about 11.4%[26] - Total current liabilities were CNY 12.32 billion as of March 31, 2020, compared to CNY 13.06 billion at the end of 2019, showing a decrease of about 5.6%[28] - The company's non-current liabilities decreased to CNY 4.19 billion from CNY 4.48 billion, indicating a decline of approximately 6.5%[28] - The company reported a significant increase in credit impairment losses, amounting to -4,169,013.48, compared to a gain of 113,382.43 in the previous year, reflecting a year-on-year change of -3776.95%[15] Shareholder Information - The number of shareholders at the end of the reporting period was 66,025[10] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., held 372,241,692 shares, accounting for 44.45% of total shares[10] - The controlling shareholder, Heilongjiang Construction Investment Group, had 60 million unrestricted circulating shares judicially frozen, which was resolved on March 4, 2019, but later 50 million shares were frozen again on April 25, 2019[22] Inventory and Contract Assets - Significant changes in financial indicators included a 100% increase in contract assets to CNY 3.83 billion[12] - Inventory decreased by 85.90% to CNY 670.81 million compared to the previous year[12] - The company’s inventory decreased significantly by CNY 2,225,537,462.72, reflecting a strategic shift in asset management[49] - The company adjusted its accounting policies effective January 1, 2020, leading to a reclassification of CNY 2,229,675,611.29 from inventory to contract assets[51] Other Income and Expenses - Other income increased by 100.00% to 41,423.40, attributed to government subsidies received during the period[15] - The company reported a 278.97% increase in non-operating expenses, totaling 419,842.92, due to increased donation expenditures compared to the previous year[15] - The company's financial expenses increased to ¥18,713,113.48 in Q1 2020, up from ¥8,117,536.09 in Q1 2019, primarily due to higher interest expenses[36] Future Plans and Changes - The company plans to implement new accounting policies effective January 1, 2020, in accordance with the revised revenue recognition standards[23] - The company has signed a supplementary agreement for the 167 km project, revising the first phase repayment date to be before June 30, 2020[21] - The company received investment repayment of 28,705,148,779.50 Mongolian Tugrik, approximately 73,298,475.00 RMB, from the Mongolian government for the 98 km project[20]